Managers of Wealth Middle East -Wealth, private banking and asset management news and opinion

DFSA fines former compliance officer

Person is restricted from working in the DIFC

The laws that changed the UAE’s personal finance landscape in 2019

Landmark legislation included insurance regulations, employment updates in the country's financial free zones and new insolvency laws

Howden partners with Guardian Brokers to boost Middle East presence

Together with Howden’s international network of partner brokers, the group’s TMEA region now encompasses 17 territories, it said.

Saudi Al Moammar renews $30mln funding agreement with ANB

Al Moammar's credit facility agreement with the ANB was signed on December 12

Qatar set to establish centralised Shariah board to bolster Islamic finance

Qatar has been rapidly developing its Islamic finance industry, whose total assets grew by a compounded annual growth rate of 8% since 2015 to $129bn in the first half of 2019, constituting 33% of Qatar’s total financial system assets.

Oman's Capital Market Authority approves on sukuk

Sukuk is an Islamic financial certificate that obeys with Islamic religious law commonly recognized as Sharia.

‘Global Britain’ may lead to blossoming of UK-GCC ties

Under the Global Britain idea, the UK can keep its partnership with the member states of the European bloc, develop its “special relationship” with the US and strengthen its relations with the rest of the world.

Financial watchdog urges Turkey to step up efforts against money laundering

Turkey completed a national risk assessment in 2018.

National Bank of Oman to exit from Egypt

The Muscat Securities Market-listed bank is the third largest by market capitalisation behind Bank Muscat and Bank Dhofar.

UAE shuts accounts of Maltese tycoon accused of journalist's murder

Eight months before her death, Caruana Galizia wrote in her blog about 17 Black

Control, Simplicity and Collaboration – Offshore Talking Points from the United Arab Emirates

The tension between transparency on the one hand and rights to a private life on the other is of course a hot topic in the western world.

DED partners with CBD to provide easy banking services for new and renewing licensees

Aimed to facilitate business and reduce cost of doing business

Crédit Agricole Egypt transforms club memberships into prepaid cards

The announcement came during a press conference held by the bank in the presence of Pierre Finas, the bank's managing director, and Walie Lotfy, deputy managing director, as well as journalists to review some of the bank's main achievements duri

Bank Audi Egypt targets SMEs portfolio of EGP 5bn by 2019 end: managing director

At Bank Audi, we always put our customers first by reviewing the bank's strategy quarterly according to the economic changes on the local and global levels. The

Bank Muscat announces new $100 million Fintech investment programme

The bank’s long-term commitment to innovation reflecting the latest technological trends in banking is endorsed with prestigious regional and global awards like Best Consumer Digital Bank in Oman award by Global Finance.

Awad signs strategic partnership with Drake Star

Cross-border activity accounts for the majority of Drake Star Partners’ transactions across its global network.

Saudi Arabia's 2020 budget progressive: KPMG

The latest budget continues to support the Kingdom’s diversification efforts, transitioning the economy away from its dependency on the oil sector by developing the private sector and enhancing its contribution to achieving Vision 2030 goals and tar

The Caucasus is Quietly Becoming a Hub for Middle East Trade, Tourism and Investment

Yet increasing connections between the Caucasus and Middle Eastern states, which have been especially pronounced in recent years rarely catch the attention of political analysts.

2019 saw the UAE advance as an AI leader, but what does 2020 have in store?

Where previously companies have used external partners for AI support, there will also be an increased focus on developing AI capabilities and talent internally, writes Celine Bremaud, Vice President of Sales, Marketing and Operations for Microsoft Middle

Brunei-Oman joint venture increases capital to US$200m

Part of the additional funds is expected to be invested in Brunei's business sectors

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